Wall Street Surges, Trump Tariff Blitz Looms, Dollar Struggles
| Action Insight Weekly Report 7-5-25 |
Wall Street Surges, Trump Tariff Blitz Looms, Dollar Struggles |
Last week’s market action displayed a familiar theme: investors are choosing to focus on growth — even if it’s fragile — and political clarity, however fleeting. US equities roared to record highs as a wave of macro and policy news washed over Wall Street. Yet the outlook is far from simple. The 90-day tariff truce expires July 9. Markets are now facing a unilateral shift in US policy that threatens to escalate trade tensions. The era of bespoke deals appears to be giving way to a blanket tariff regime. The risk of fragmentation in global trade architecture is also growing by the day. In the currency markets, Swiss Franc stood out as the strongest performer, supported by a better-than-expected inflation report that eased deflation fears. On the flip side, Sterling was hammered by domestic political uncertainty. The contrast is clearly reflected in the downturn of GBP/CHF, logging the largest weekly drop among major currency pairs and crosses. Overall, Lonnie was the second best, while Euro was third. Dollar was the second worst, trailed by Kiwi. Euro and Yen ended in the middle...... |
EUR/USD Weekly Outlook EUR/USD edged higher to 1.1829 last week but turned sideway since then. Initial bias stays neutral this week for more consolidations first. But downside should be contained by 1.1630 resistance turned support to bring rebound. Firm break of 1.1829 will resume the rise from 1.0176 and target 61.8% projection of 1.0176 to 1.1572 from 1.1064 at 1.1927. | |
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